Title insurance is not issued in conjunction with a quitclaim deed. Types of Deeds: Quitclaim vs. Warranty Deeds Deeds are usually differentiated by what they state or guarantee when the ownership ...

The biggest difference is that they allow for contingent beneficiaries. Quitclaim deeds: These types of deeds transfer ownership interest a person has in a property to someone else. These can be ...

In addition, foreclosure is permitted with both types of loan arrangements. However, a deed of trust is more likely than a mortgage to allow a property foreclosure without a judge’s approval.